The CEO of Deutsche Asset & Wealth Management (DeAWM), Wolfgang Matis, has retired from the firm after over 40 years.
Matis, who was also head of active asset management and the head of Germany, has stated personal reasons for his retirement.
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Following this, DeAWM has made a number of senior appointments. Asoka Wohrmann has been appointed CIO after previously being co-chief investment officer. Randy Brown, the other co-chief investment officer, has been appointed head of the United Kingdom and global head of insurance and pension solutions.
Joachim Hager, head of wealth management Germany, takes over Matis’ position as chair of the supervisory board of Sal. Oppenheim Jr & Cie. Joining this board is Holger Naumann, COO of DeAWM Germany.
Michael Faissola, head of DeAWM, said: "Wolfgang has been one of Deutsche Bank’s outstanding leaders. I would like to thank him for his enormous contribution over many years and I wish him all the best on his retirement."
As part of an effort to expand services for clients, DeAWM said it plans a future 15% increase in the number of its UHNW relationship managers through new hires. This is in addition to 1,000 new hires made in 2013.
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